1 billion USD digital asset fund in Ho Chi Minh City: Convenience or strict control?
The market is very excited about the figure of 1 billion USD, but you need to keep a cool head. That's how it is; putting digital assets into a legal framework means that the long-standing "wild" freedom will have to make way for risk management measures and anti-money laundering. Vietnam legally recognizes digital assets but absolutely does not consider them as a means of payment. #anhbacong
Moreover, the Ministry of Finance has also begun to finalize regulations on taxes and penalties. That's how it is; retail investors should not be too happy and forget that all on-chain transactions will now be under the watchful eye of regulatory agencies. The conversion from stablecoin to fiat currency or asset custody will become more transparent but also "more difficult" for those who like to circumvent the law. That's how it is; stay alert and observe the licensing process for pilot exchanges before deciding to invest all your capital in the domestic market. Capital safety must still be the top priority! $BTC
